Suppose There Is a Reduction in Consumer Income and an Increase

question 47

Multiple Choice

Suppose there is a reduction in consumer income and an increase in the price of jet fuel, an important resource used to produce air travel. If air travel is a normal good, how will these changes influence the price and quantity of air travel? The price of air travel will (be) ____ and quantity purchased will (be) ____.

• A)​decrease; indeterminate
• B)​increase; indeterminate
• C)​decrease; decrease
• D)​indeterminate; decrease

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Definitions:

Palpebrae

Another term for eyelids, which protect and moisten the eyes by spreading tear fluid and limiting the amount of light entering the eye.

Eyelids

Flexible covers that can close to protect the eye from injury and help keep the eye moist by spreading tears over its surface.

Anterior Sclera

The front part of the sclera, the white outer layer of the eyeball, providing structure and protection.

Otoliths

Otoliths are small, calcified particles in the inner ear that play a crucial role in sensing gravity and movement, aiding in balance and spatial orientation.